Q: When are property taxes due in Placer County for FY 2025-2026?
A: Property taxes are due in two installments: November 1st for the first installment (delinquent after December 10th) and February 1st for the second installment (delinquent after April 10th). Both dates refer to the secured property tax roll.
Q: What tax credits are available and do they require application?
A: The primary credit is the Homeowner's Exemption, which reduces assessed value by up to $7,000 annually and requires application. Veterans may qualify for a $4,000 exemption, and disabled veterans may qualify for larger exemptions up to $150,000 or more depending on disability rating. Senior citizens may qualify for additional exemptions. All exemptions require separate applications and are not automatic.
Q: How does the Homeowner's Exemption work?
A: The Homeowner's Exemption provides up to $7,000 reduction in assessed value for properties used as a principal residence. This is not a cap on assessment increases, but rather a straight reduction in the taxable value. You must file Form BOE-266 with the Placer County Assessor's Office, typically by February 15th for the current tax year.
Q: When are properties reassessed?
A: Properties are reassessed to current market value when ownership changes or when new construction is completed. Under Proposition 13, existing owners see maximum annual assessment increases of 2% until a triggering event occurs. Routine reassessments for current owners are limited to this 2% cap or the Consumer Price Index, whichever is lower.
Q: What are the penalties for late payment?
A: A 10% penalty is added to the first installment if paid after December 10th, and a 10% penalty plus 1.5% monthly interest is added to the second installment if paid after April 10th. Additional costs and fees may apply for severely delinquent accounts.
Q: Can I pay property taxes online?
A: Yes, Placer County offers online payment options through their official website. You can pay by electronic check or credit card, though credit card payments typically include convenience fees. The county also accepts payments by mail, phone, or in person at county offices.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the Placer County Assessment Appeals Board between July 2nd and September 15th (or November 30th if the assessed value increased). You'll need to complete an Application for Changed Assessment and provide evidence supporting your claim that the assessed value exceeds fair market value.
Q: What are Mello-Roos taxes and Community Facilities Districts?
A: Mello-Roos taxes are special assessments levied by Community Facilities Districts (CFDs) to fund infrastructure improvements like schools, parks, roads, and utilities. These are common in newer developments and appear as separate line items on your tax bill. The rates and duration vary by district, and some may automatically expire after a set period or bond payoff.
